Gifting is a great financial planning tool, especially at the end of the year. Alhambra's Bob Williams goes through the basics.
Oh, my! I cringe every time I hear that someone has added their kids’ names to the deed of their house as an estate planning technique. It’s done for the right reasons, but it often backfires.
Sometimes, elderly people will add kids to the deed, thinking they’re removing the house...
“What in the world does that mean?” I can’t tell you how many times I’ve been asked that question during almost 30 years in the financial industry. Clients naming beneficiaries on IRAs, 401(k) accounts, annuities, or insurance policies stop dead-in-their-tracks when asked to decide whether they want beneficiaries to...
Have you made preparations? It’s a question I’ve asked clients more times than I can count, but I was reminded of the significance of the question and the possible consequences when I recently asked the same thing of a family member.
Bill (not his real name) is 70 years old...
We’ve been focused on Covid for so long that a lot of things have taken a back seat. We’re still regrouping, trying to find the new normal. Estate planning is one of the things that’s easy to forget in this new normal. Why not? You did the estate planning,...
Estate planning, for the most part, is about what happens when you die. Who do you want to get your stuff? How and when do you want your estate distributed? Who will be in charge of carrying out your wishes?
Estate plans can even contain instructions for your funeral and...
You spend a lifetime earning, saving, acquiring. But the old adage is true—you can’t take it with you. So, what do you do with your assets when you’re gone? How do you want them distributed? That’s where a good estate plan comes in. However, some estate plans are based...
What to do? What to do? The 2020 presidential election is just around the corner and questions are being asked about how to protect your wealth, no matter who’s elected.
Each candidate has broadly divergent views about income taxes, capital gains taxes, estate taxes; how much you keep and how...
For months now, we’ve been told by the media and by friends and neighbors about all the ways people have been affected by COVID-19. But here’s one you may not have heard about—losing the family home after the death of parents or grandparents who were receiving Medicaid benefits for...